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BusinessJapan, South Korea

Japan Turns to South Korea as Rice Prices Soar

Japanese consumers, priced out of their local rice market, are embracing imports from South Korea for the first time in decades.

By John Yoon and Hisako UenoSource: nytimes.com1 min read
Japan Turns to South Korea as Rice Prices Soar
Image via nytimes.com

In brief

In a surprising shift driven by soaring rice prices, Japanese consumers have started to purchase South Korean rice with enthusiasm not seen in 35 years. Reports indicate that, within days of the first shipment arriving, Japanese shelves were cleared of the imported grain. This significant transition comes amid Japan's critical rice shortage—roughly 200,000 tons—which has resulted in the government tapping into emergency reserves and witnessing prices double since last year.

This new acceptance of South Korean rice marks a notable change from Japan's previous rice crisis in 1993 when foreign imports struggled to find buyers. A South Korean rice sommelier, Park Jaehyun, remarked on the transformation, stating, “Japanese rice itself is so delicious that people haven’t had the confidence to eat foreign rice. Now they know: The quality of rice is also quite good in South Korea.” In a historical context, the National Agricultural Cooperative Federation of South Korea stated that it had not exported rice to Japan since the mid-1980s. As the rice market evolves, Japanese consumers are beginning to appreciate the quality and flavors of foreign varieties, led by the recent influx of Korean rice. This shift may pave the way for further diversification within the Japanese rice market, especially amidst ongoing shortages and high prices.

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